FILE - In this Sept. 23, 2020, file photo Democratic presidential candidate former Vice President Joe Biden speaks during a Biden for President Black economic summit at Camp North End in Charlotte, N.C. The final stretch of a presidential campaign is typically a nonstop mix of travel, caffeine and adrenaline. But as the worst pandemic in a century bears down on the United States, Joe Biden is taking a lower key approach. (AP Photo/Carolyn Kaster, File)
Carolyn Kaster/AP
Carolyn Kaster/AP
FILE - In this Sept. 23, 2020, file photo Democratic presidential candidate former Vice President Joe Biden speaks during a Biden for President Black economic summit at Camp North End in Charlotte, N.C. The final stretch of a presidential campaign is typically a nonstop mix of travel, caffeine and adrenaline. But as the worst pandemic in a century bears down on the United States, Joe Biden is taking a lower key approach. (AP Photo/Carolyn Kaster, File)
(Cleveland) – Two days after The New York Times published reporting on several years of President Trump’s recent tax returns, Democratic nominee Joe Biden and his running mate, Kamala Harris, released their 2019 returns and financial disclosures.
Biden’s 2019 tax return shows taxable income of $944,737 and a federal tax bill of $299,346. Harris, and her husband, Doug Emhoff reported $3,018,127 in taxable income and paid $1,185,628 in taxes.
Both Biden and Harris had already released more than a decade of previous tax returns. Trump has notably refused to release his tax returns, breaking precedent that decades of major party presidential nominees have followed.
The New York Times reports that Trump’s tax returns show millions in losses and that Trump only paid $750 in income tax in 2016 and 2017, and in 10 of the last 15 years paid no income tax at all. It also raised questions about questionable tax deductions made by Trump that could run afoul of tax law.
Biden’s campaign continued to seize on the tax story on Tuesday.
“Donald Trump thinks that the vast majority of hardworking Americans who pay their taxes are suckers,” Biden deputy campaign manager Kate Bedingfield told reporters. “He looks out for the stock market, but looks down on workers and middle class families struggling to get by.”
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